Renewed research by BETTER FINANCE finds that at least 30% of the main actively managed UCITS equity funds (those with a ‘fund benchmark’) still do not comply with key disclosure requirements for benchmarks as stipulated in EU Rules. In the face of persistent poor enforcement in our view in some major fund domiciles, BETTER FINANCE
Renewed research by BETTER FINANCE finds that at least 30% of the main actively managed UCITS equity funds (those with a ‘fund benchmark’ ) still do not comply with key disclosure requirements for benchmarks as stipulated in EU Rules. In the face of persistent poor enforcement in our view in some major fund domiciles, BETTER
What started as an investigation into the widespread mis-selling practice known as “closet indexing” (claiming active fund management, whilst in reality merely tracking an index) has now taken on a new dimension. When it replicated the study into closet indexing by the European Securities and Markets Authority (ESMA) in 2017 (and, unlike ESMA, disclosed the
Aimed at certifying the most virtuous funds, the SRI label, which has just been reformed by the government, now excludes companies with new oil projects. Guillaume Prache denounces an ideological reform that risks favoring foreign oil and gas companies. The reform of France’s SRI (socially responsible investment) label, as announced by the French Ministry of
BETTER FINANCE, alongside other NGOs, urges members of the Economic and Monetary Affairs Committee to ensure that the new ESG Regulation improves the reliability, comparability and transparency of ESG Ratings in the EU and in particular to: 1. mandate ESG ratings to follow a double materiality approach, therefore taking into consideration companies’ exposure to ESG
BETTER FINANCE members UK Shareholders’ Association and ShareSoc (UK Individual Shareholders Society) published a letter expressing disappointment in the news that the UK government is abandoning some of its reforms to accounting standards: It is difficult to overstate the disappointment of investors, and other users of corporate information, at the news that the UK government
BETTER FINANCE believes that the European Commission should not further diminish the ambition of ESRS. At the very least, there should be a set of mandatory disclosure requirements (such as GHG emissions) irrespective of materiality assessments made by companies.
BETTER FINANCE, as an independent financial expertise center serving European financial services users, represents millions of individual investors in Europe who stand to benefit from the draft non-financial reporting Standards developed by EFRAG. BETTER FINANCE welcomes the opportunity to provide feedback on the draft Delegated Act (DA) by the European Commission concerning the European Sustainability
ESMA’s Guidelines on funds’ names using ESG or sustainability-related terms in their names propose the use of quantitative thresholds whereby “if an investment fund has any ESG-, or impact-related words in its name, a minimum proportion of 80% of its investments should be used to meet the environmental or social characteristics or sustainable investment objectives…”
ASK Take a closer look at the product information sheet to determine how "green" the investment product really is and whether it corresponds to your own ideas of a sustainable investment. It is always advisable to ask your financial advisor for a sustainability rating, but keep in mind that there are currently no uniform standards